For appraisal review services in Cook, contact Triangle Appraisal, Ltd.

Getting a second opinion on an appraisal

According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers completing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Triangle Appraisal, Ltd. provides appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules.

The purpose of appraisal reviews are to ascertain: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the manners by which the real estate valuation is obtained guarantees independence and quality. They must also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the extent of the appraisal assignment. Lastly, the Federal Reserve also says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".


	If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.

In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Triangle Appraisal, Ltd., we're qualified in every form of appraisal review, review procedure and the obligations of review appraisers.

For appraisal review services in Cook, contact Triangle Appraisal, Ltd. We're aware of what makes a quality appraisal and what the most common inadequacies are, specifically in our local housing market. Concurrently, we are sufficiently skilled to recognize that the competitors in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Triangle Appraisal, Ltd. to objectively look over appraisal reports carried out by others. And those others could be evaluating our work, too!

In short, at Triangle Appraisal, Ltd., you can rely on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Triangle Appraisal, Ltd. to learn more about our qualifications, expertise and services offered.